Billionaire Steven Cohen’s Top 5 High Dividend Stock Picks

3. AbbVie Inc. (NYSE:ABBV)

Point72 Asset Management’s Stake Value: $152,320,538
Dividend Yield as of November 20: 4.49%

AbbVie Inc. (NYSE:ABBV) is an American multinational pharmaceutical company known for its focus on research, development, and commercialization of innovative medicines. The company’s dividend growth currently stands at 51 years and it pays a quarterly dividend of $1.55 per share. The stock has a dividend yield of 4.49%, as recorded on November 20.

Point72 Asset Management owned over 1 million shares in AbbVie Inc. (NYSE:ABBV) at the end of Q3 2023, worth more than $152.3 million. The company represented 0.44% of the firm’s 13F portfolio.

As of the end of Q2 2023, 74 hedge funds owned stakes in AbbVie Inc. (NYSE:ABBV), as per Insider Monkey’s database. The collective value of these stakes is over $2.3 billion.

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